ES Journal - 2019/2020

30

 

could be a good entry..

 

could be. Could also stop me out in a min or so!

 

do you adjust to BE at some point?

 

I don't tend too. I've experimented with that a few times, and it tends to result in every trade being a loser or a BE trade for me, personally. Almost never a winner!

 

understand..was buy trigger a 78% fib?

 

I have had the exact same experience, as long as there is enough momentum in the market moving a stop to break even is fine, but as soon as the markets get a little bit choppy moving a stop to break even is a guarantee for exiting early with no profit.

 

simply flatten or let stop alone..

 

exactly.---well spotted

 

Looks like we want to test the support again. We'll need to see what happens there to see if we can finally break through to the downside here in this bear market.